North American Military Aircraft Market | Aici


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The North American Military Aircraft market is expected to register a CAGR of 2.70%. Key Highlights. Largest Market by Aircraft Type – Fixed Wing Aircraft : There is a growing need to maintain military strength and improve their combat capabilities by purchasing advanced fighter aircraft from all countries in the region.

New York, Jan. 17, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “North America Military Aviation Market – SIZE, SHARE, COVID-19 IMPACT & FORECASES UNTIL 2028” – https://www. .reportlinker.com/p06381482/?utm_source=GNW

Fastest Growing Market by Type of Sub-Aircraft – Fixed-Wing Aircraft : State conflicts and ongoing conflicts around the world are leading the region to purchase advanced multi-role aircraft to enhance its combat superiority.
Largest Market by Body Type – Multi-Role Aircraft : Countries in the region are opting for multi-role aircraft to conduct ground strikes and suppress enemy air defenses. The plane also provides air lift.
Largest Market by Country – United States : The country’s focus on purchasing more advanced aircraft to maintain military superiority is supporting the growth of the military helicopter market.

Key Market Trends

Fixed-Wing Aircraft is the largest category of aircraft type.

The North American military aircraft market is segmented by aircraft type into fixed-wing and rotorcraft. The country’s conflicts, the increasing threat of terrorism and war, and the modernization program to replace the aging military aircraft have played a major role in the purchase of new generation military aircraft. The delivery of military aircraft to North America was delayed in 2020 due to the COVID-19 pandemic. The United States has increased its defense spending to USD 801 billion by 2021 despite the impact of the pandemic.
In North America, between 2016-2021, fixed-wing aircraft accounted for 77.6% and rotorcraft for 22.4% by value. The United States had the highest contribution to both the winged aircraft and rotorcraft segments, with 79.8% and 20.2%, respectively. Canada accounted for 24.1% (fixed-wing aircraft) and 75.1% (rotorcraft), while Mexico accounted for 12.3% (fixed-wing aircraft) and 87.7% (rotorcraft).
Procurement plans to replace aging aircraft by the US and Canadian armed forces with fighter jets, large transport aircraft, and special mission aircraft may drive the growth of the fixed-wing aircraft segment between 2022 and 2028.
In 2021, the US Air Force partnered with Lockheed Martin to build a new production line to produce the F-16 Block 70/72 aircraft. This partnership was created to meet the growing demand for new F-16 Fighting Falcons from partner nations. Canada and Mexico have 380 and 469 active vessels, with 105 on order (88 voluntary) and 11, respectively. Similar procurement measures are expected to drive the North American aviation market during the forecast period.

The United States is a large part of the country.

Defense spending for the North American region in 2021 increased by about 3.2% from 2020 to USD 838.1 billion. Global tensions, the need for modernization of aviation, and the goal of achieving air superiority are driving the demand for advanced fixed-wing aircraft and rotorcraft.
North American countries, especially the United States, were among the first to develop advanced aircraft assets to fight land conflicts. About 94% of military spending in the US region comes from North America. North American military spending is accounted for the most by the United States at 95.54%, followed by Mexico and Canada at 1.04% and 3.16%, respectively, in 2021. The rest of North America accounted for only 0.26% of total North American defense spending. in 2021.
The US had an active fleet size of 13,246 aircraft as of December 2021. Of these, more than 56.8% of the fleet consists of fixed-wing aircraft, while the remainder is rotorcraft. Canada had an active fleet of approximately 380 aircraft, and Mexico had an active fleet of 469 aircraft as of December 2021. Combat fixed-wing aircraft accounted for 36% of the military’s active fixed-wing aircraft at the end of 2021.
With ongoing procurement and modernization programs, the US will continue to lead the market and generate significant demand for new aircraft. The US is also focusing on new aircraft systems by providing significant funding for R&D for future wars during the forecast period.

The Competitive Landscape

The North American Military Aircraft market is highly concentrated, with the top five companies accounting for 98.03%. Major players in this market are Airbus SE, Lockheed Martin Corporation, Northrop Grumman Corporation, Textron Inc. and The Boeing Company (arranged alphabetically).

Additional Benefits:

Market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06381482/?utm_source=GNW

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